Sunday, April 5, 2020

Article: Can the Vinyl & CD Business Survive Coronavirus?

"Until recently, this year was shaping up to be strong: CD sales are down 8.3% compared to the same period last year, a far slower decline than in recent years, and vinyl sales were up 45%, even amid distribution problems. Retailers believed that this year's Record Store Day -- now postponed from April to July -- was going to be the biggest ever, and retailers are still putting in big orders, according to several labels and distributors.
Consumers still want to buy vinyl, even if many of them may not have as much money to spend for a while. 'The absence of vinyl records for several decades wasn't a death sentence for that format,' says a sales rep for a CD manufacturing plant. 'The landscape of who's left and what they do will surely change, but that doesn't mean there won't be other ways to twist a pipeline to get consumers what they want.'"
(Via Can the Vinyl & CD Business Survive Coronavirus? | Billboard.)

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